sebi:WTM/AB/WRO/WRO/18274/2022-23
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Provisions invoked
- s. 12(1)
- s. 12
Regulations
- Reg. 3
- Reg. 2
- Reg. 3(1)
Parties
- Gainer Street
- Anoop Singh Tomar
Holding
Gainer Street, as the proprietorship firm of Anoop Singh Tomar managed by him, was acting as an investment adviser and holding itself out as such without SEBI registration, thereby violating Section 12(1) of the SEBI Act read with Regulation 3(1) of the IA Regulations.
Full text
Order in the Matter of Gainer Street (Proprietor- Anoop Singh Tomar) Page 1 of 25 WTM/AB/WRO/WRO/18274/2022-23 BEFORE THE SECURITIES AND EXCHANGE BOARD OF INDIA
Order in the Matter of Gainer Street (Proprietor- Anoop Singh Tomar) Page 2 of 25 1.2. Pursuant to the receipt of the said complaint, the matter was examined by SEBI to verify the veracity of the information brought out in the complaint and ascertain whether there had been any violation of the provisions of the Securities and Exchange Board of India Act, 1992 (the “SEBI Act”), the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013 (the “IA Regulations”) and any other Rules or Regulations. Consequent to the completion of examination in the matter, a Show-cause Notice bearing No. SEBI/WRO/ILO/NM/OW/P/18349/1/2021 dated July 31, 2021, was issued to Anoop Singh Tomar, Proprietor of Gainer Street, based on the findings of the said examination (“SCN”). It is in this background that the present proceeding, which is to consider the allegations made in the SCN, is before me.
Order in the Matter of Gainer Street (Proprietor- Anoop Singh Tomar) Page 3 of 25 3. Service of SCN, Personal Hearing, and Replies and Written Submissions from the Anoop Singh Tomar –
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Source: SecMarx — sebi:WTM/AB/WRO/WRO/18274/2022-23. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.